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BUSINESS

KKP trims annual loan growth to 13%

Business, Somruedi Banchongduang, Published on 01/02/2023

» Kiatnakin Phatra Financial Group, a holding company of Kiatnakin Phatra Bank (KKP), aims to slow down total loan growth for this year to handle the higher risk of rising financial costs and the global recession.

BUSINESS

Parties invited to debate challenges

Business, Somruedi Banchongduang, Published on 02/02/2023

» The Federation of Thai Industries (FTI) plans to invite political party leaders to debate Thailand's economic challenges and their solutions as the country gears up for a new general election.

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BUSINESS

Krungsri aims to grow regional base

Business, Somruedi Banchongduang, Published on 03/02/2023

» Bank of Ayudhya (Krungsri) continues to expand its financial business in Asean and targets its regional customer base exceeding 500,000 this year.

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BUSINESS

MPC expected to hike policy rate further

Business, Somruedi Banchongduang, Published on 27/01/2023

» Economists forecast the Bank of Thailand's terminal policy rate will be in the range of 1.75% to 2.5% for this cycle of rate hikes.

BUSINESS

KBank sets target of 5-7% loan growth this year

Business, Somruedi Banchongduang, Published on 28/01/2023

» Kasikornbank (KBank) aims to grow its lending by 5-7% and control the quality of its assets, with a non-performing loan (NPL) ratio target of less than 3.25%, according to its 2023 financial goals.

BUSINESS

BBL follows BoT, raises lending, savings rates

Business, Somruedi Banchongduang, Published on 28/01/2023

» Bangkok Bank (BBL), the country's largest lender by total assets, announced yesterday a new round of hikes for both lending and savings rates, effective yesterday, in line with the Bank of Thailand's policy rate increase on Wednesday.

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BUSINESS

Offshore investments to lure mass market

Business, Somruedi Banchongduang, Published on 31/01/2023

» CIMB Thai Bank (CIMBT) has expanded its wealth management services to cover the mass market by offering offshore investment products with higher returns.

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BUSINESS

Slowing exports pressure growth

Business, Somruedi Banchongduang, Published on 01/02/2023

» A higher risk of slowing exports amid a global economic slowdown will pressure Thai economic growth this year, despite positive growth of the tourism sector, says an executive of the Bank of Thailand.

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BUSINESS

BoT hikes interest rate for 4th time

Business, Somruedi Banchongduang, Published on 26/01/2023

» The Bank of Thailand yesterday raised its policy interest rate by 0.25 percentage points for a fourth consecutive time in an attempt to contain high inflation.

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BUSINESS

BoT issues warning on cybercrime

Business, Somruedi Banchongduang, Published on 19/01/2023

» The Bank of Thailand has warned banks and consumers to keep up their guard against an elevated risk of financial cybercrime.